Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · VA
Current Market Conventional
New · Conventional
Loan amount$441,788$438,300
Remaining term (yrs)27.930.0
Secondary amount$0$0
Funding fee$2,209$0
Note rate6.350%7.320%
Blended rate6.350%7.560%
1st payment$2,812.81$3,010.82
2nd payment$0.00$0.00
Taxes / mo$121.92$121.92
Insurance / mo$166.67$166.67
MI / mo$0.00$87.66
HOA / mo$56.67$56.67
Total monthly$3,158.06$3,443.73
Cash to close$45,212$48,700